MR to offer Yangon Central Railway Comprehensive Development project in 2 months

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The Yangon Central Railway Station. Photo: GNLM/Phoe Khwar

Myanma Railways will offer the contract to upgrade the Yangon Central Railway Comprehensive Development project to the tender winners within two months, according to a report in the Myawady Daily yesterday.
The project officials in charge, supervisors, Yangon City Development Committee officials and the engineers in charge of the companies measured the land area for the project.
Currently, MR is discussing offering the contract to contractors. After both the parties sign the contract, the project will be started. Moreover, MR is checking the land ownership document and measuring the land area for the premium payment.
The estimated cost of the project is $2.5 billion.
This was MR’s second attempt at calling for tenders, after an initial attempt in 2014 had to be cancelled due to the lack of suitable applications.
MR made the second call for tenders in mid-2015. It received some 18 applicants from 14 countries. Among these, MR shortlisted 15 potential developers.
Singapore-based Oxley Holdings Limited, Myanmar Mindama Company and China-based Sino Great Wall Company were declared the tender winners.

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